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|User Info||Oil Getting HAMMERED!; entered at 2012-05-30 19:51:07|
Registered: 2007-07-10 Wyoming only ATM
Oil tumbled to a seven-month low on speculation that U.S. crude stockpiles climbed to the highest level since 1990 and as the euro weakened on concern that the debt crisis will overwhelm Spain.
Hmmm, highest level since 1990? I guess it did that in the last month or six weeks because WTI was $104 a very short time ago. Sure makes you wonder about people stuck on the supply and demand meme. Credibility? Less than zero.